Paying Fees and the Cost of Living

Payment of Tuition Fees

The Cost of Living

In order to live comfortably while you are in Dunedin, you will need to have about $NZ15,000-17,000 per academic year (40 weeks) available for living costs, above the cost of your tuition. You will need to budget more than this if you are planning to stay for a calendar year.

Some students will stay in a University College of Residence. In 2014 the typical cost for a catered Residential College is NZ$13,034.00. Many students will stay in a flat and will share the cost of living together with other students.

Estimated costs of flatting per person for a flat of 4-5 people (based on 40 weeks)

Rent at $105-145 per week (for a flat of good/average condition in the University area, rental for 52 weeks)

$5,460 - $7,540

Groceries at $70 per week

$2,800

Electricity/Gas at $20 per week

$800

Internet Cost

$180

Total cost of flatting

$9,240 - $11,320

Additional Costs

Dunedin rental properties are generally let for 52 weeks.Extra money is needed at the start of the year for refundable bonds on flat, power, and telephone. This average rent includes furnished and unfurnished flats.

Currency and Banking

Local currency is the New Zealand dollar (NZD). There are 10c, 20c, 50c, $1 and $2 coins, and $5, $10, $20, $50 and $100 notes.

Information regarding the current foreign exchange rate of the New Zealand dollar against your currency can be found at: http://www.xe.com

It is important to note that you should have some New Zealand cash for immediate costs (eg airport costs or transport). You may need further funds in the form of travellers cheques which can be readily cashed. There are foreign exchange offices at the international terminals of each New Zealand airport.

We strongly recommend that while in New Zealand you do not carry large amounts of cash around with you or leave cash in your room.

We suggest opening a bank account as soon as possible after arrival.

There are a number of banks with branches around the campus area including: